Ryca International, Inc.

Ryca International, Inc.

Effortless Oral Care

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Security Type
Convertible Note
Categories
Other
Min Investment
$250
Location
Los Angeles, CA
Offering Date
April 23, 2020
Expected Close Date
July 23, 2020
Target Raise
$10.00K-$1.07M
Deal Notes

20.0% Discount Rate

5.0% Annual Interest Rate

Company Description

Ryca International, Inc. (RYCA) is a dental innovation company dedicated to improving lives through effortless and effective oral care products. Designed by dental professionals and developed by experts, our flagship product, Encompass, brushes half your teeth at once, providing an optimal clean in just 20 seconds.

Perks

$500 | 20% off first purchase of Encompass Toothbrush
$1,000 | Receive two free Encompass Toothbrushes (International investors will be asked to pay for shipping)
$2,500 | Invitation to participate in focus group(s) + all perks from $1,000 level
$5,000 | You will receive quarterly investor update calls + all perks from $2,500 level
$20,000 |Free replacement brush heads for life + lunch with Ryca CEO & Head Engineer + all perks from $5,000 level
$50,000 | Name recognition on packaging (if possible) and website for philanthropic "buy one give one" campaign + factory tour (flight and stay not included) + all perks from $20,000 level
*All perks occur after the offering is completed.

Key Deal Facts

World-class team, advisors, & partners, including the former Director of Engineering for Sonicare and Clarisonic.
Proven market demand-–Raised $420K in pre-order sales on Indiegogo in 2 months.
Nearly 100% of adults, and 60-90% of children have tooth decay, despite a growing $6.9 Billion global toothbrush market.

Use of Proceeds

Research & Development: 73.5 - 96.5%

Operations: 0 - 14%

Legal: 9.0%

StartEngine Platform Fees: 3.5%

Management Team / Advisory Board Bios

Ryan Schwartz - CEO, Founder
Cary Schwartz, DDS - Co-Founder, Dental Advisor
Gerald Brewer - Engineering
Summer Harriff - Operations
Namrata Chand - Business Development, Investor Relations
Scott Ryder - Finance

Deal Notes

20.0% Discount Rate

5.0% Annual Interest Rate

Amount Raised : $1,071,997
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Security Description

A convertible security is a security that can be converted into another security, typically equity in the next round of financing.

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